WHO WE ARE
At TD Ameritrade Institutional, the security of our client accounts and assets will always be a top priority. To help ensure their safety, TD Ameritrade is a member of the Securities Investor Protection Corporation (“SIPC”), which protects client assets. In addition, we provide supplemental insurance coverage to client accounts through London insurers.
We are pleased to inform you that we recently expanded this coverage, to enhance the protection we offer your clients.
This coverage has increased from $900,000 to $2 million. There have also been changes to the way our supplemental insurance protection is applied. Please see our coverage summary below.
TD Ameritrade is a member of the Securities Investor Protection Corporation (“SIPC”), which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash). Explanatory brochure is available on request at www.sipc.org.
Additionally, TD Ameritrade provides each client $149.5 million worth of protection for securities and $2 million of protection for cash through supplemental coverage provided by London insurers. In the event of a brokerage insolvency, a client may receive amounts due from the trustee in bankruptcy and then SIPC. Supplemental coverage is paid out after the trustee and SIPC payouts and under such coverage each client is limited to a combined return of $152 million from a trustee, SIPC, and London insurers. The TD Ameritrade supplemental coverage has an aggregate limit of $500 million over all customers. This policy provides coverage following brokerage insolvency and does not protect against loss in market value of the securities.
Your clients’ June account statements will include this summary, along with a message alerting them to the change.
Client accounts are also protected by our Asset Protection Guarantee, which is designed to prevent clients from losing cash or securities from their account due to unauthorized activity. Your clients’ September account statements will alert them to the fact that we have updated this Guarantee.
If you have any questions, please contact your Service Team at 800-431-3500.
14301 FNB Parkway, Suite 204
Omaha, NE 68154
Phone 402 614 4050
Fax 402 556 7373
Overland Park Office
11020 Oakmont Suite 100
Overland Park Kansas 66210
Fax (913) 538-5281